ITR filing FY 2023-24: What is the penalty for late filing of income tax return? Check penalties for misreporting tax & other mistakes
Monday, 15 July 2024 Income Tax Return(ITR) Filing FY 2023-24: There is a penalty of Rs 5,000 if you file your income tax return after the due date. The due date for filing income tax returns is July 31, 2024.
Finance Minister Nirmala Sitharaman revised tax slabs in the new regime, expanding the first taxable bracket from ₹3-6 lakh to ₹3-7 lakh, while maintaining the 5% tax rate. Standard deductions were..
On July 23, Finance Minister Nirmala Sitharaman announced significant revisions to personal income tax rates under the new tax regime during the presentation of the Annual Budget 2024 in Lok Sabha. The..
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Income Tax Return Filing FY 2023-24: The important thing to note is that late or belated filing of ITR means a penalty applies even if the belated ITR shows zero... IndiaTimes